Protest Against ADB in Kerala - cadtm
Protest Against ADB in Kerala - cadtm
Protest Against ADB in Kerala - cadtm
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Debt profile of <strong>Kerala</strong><br />
• The First Indian state tak<strong>in</strong>g Loan from Asian development Bank (2001)<br />
• 2001-2003 : Initial Loan for Modernis<strong>in</strong>g Government Programme (MGP<br />
Project)<br />
• 2006-2007 : Loan to 5 corporations for <strong>Kerala</strong> Susta<strong>in</strong>able Urban<br />
Development Project (KSUDP) - $ 316.1 Million<br />
• World Bank Loans on Various Infrastructural Development Projects .<br />
Ma<strong>in</strong>ly on KSTP (<strong>Kerala</strong> State Transport Project) & Jalanidhi<br />
• JNURM (Javaharlal Nehru Urban Renewval Mission) implimentations <strong>in</strong><br />
Coch<strong>in</strong> & Trivandrum cities & Tsunami Rehabilitation Assistance<br />
• <strong>Kerala</strong> is already fac<strong>in</strong>ng a Debt Overhang situation with total<br />
outstand<strong>in</strong>g debt over 42,000 crores INR<br />
• In F<strong>in</strong>ancial Year 2006-2007 <strong>Kerala</strong> used 25.5% of its state revenue for<br />
pay<strong>in</strong>g Loan Interests ( Indian Rs.3649 crores out of 14310 crores)<br />
•
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